|
August 28, 2008
The UK's second largest online gambling company, 888 Holdings Plc, home to 888ladies bingo, have today announced a leap of 40 percent in profits for the first half of 2008. Net income for the first six months is $18.9 million as opposed to $13.5 million for the same period in 2007. Net gaming revenue rose 36 percent to $131.5 million. Market analysts say that the interim results are ahead of expectations. 888's current market value is more than 515 million GBP. 888 Holdings was drastically affected in 2006 on the advent of the UIGEA, which barred foreign gambling websites from the US. The company has since refocused on the UK and European markets, adding the 888ladies online bingo brand and also backgammon to its new games. Sports betting has also been introduced to attract new customers. 888 CEO Gigy Levy said that it had been a good first half, and the company already sees indications that the second half will prove to be even better. Written by Charlene Grey – Bingo Street is the UK’s top resource for the best online bingo games and the latest and greatest bingo promotions.
To read previous news please check out our bingo news archive.
To subscribe to our RSS feed and recieve the news daily please click the button: 
| 
